Tata Power’s Renewable Biz Shines Again; EBITDA Up 35% in Q4 Updated On Fri, May 3rd, 2019 by Saurenergy During the quarter, the Mumbai-headquartered company’s profit after tax (PAT) before exceptional items stood at Rs 259 crore, as against Rs 118 crore. Utility giant Tata Power’s renewable energy business again unveiled a significant growth during the fourth quarter of FY19, as it’s consolidated EBITDA surged 35 per cent to Rs 1,879 crore, mainly driven by […] Read more
Italy Signs €30 Mn Agreement With Myanmar to Fund Electrification Programme Updated On Fri, May 3rd, 2019 by Saurenergy As a part of the agreement signed between the two countries, Italy has approved Euro 30 million soft loan agreement. Italy has extended its help for the World Bank-funded national electrification programme in Myanmar that is expected to bring half a million people in the country energy access. As a part of the agreement signed between […] Read more
Rashtriya Rifles Light Up Two Villages in J&K With Solar Power Updated On Fri, May 3rd, 2019 by Saurenergy The Army has so far distributed over 17,000 solar lights among residents of such villages in Doda district. Reaching out to the poor in hilly areas of Jammu and Kashmir’s Doda district, the Army has installed solar lights at unelectrified hamlets under its project ‘Roshni’. The solar lights have been installed at Thanhala and Ganori-Kahara villages by […] Read more
SJVN Floats Tender For DC Fast Chargers at Nathpa Jhakri Dam Updated On Fri, May 3rd, 2019 by Saurenergy The last date for bid submission is May 15, 2019 SJVN Ltd. has issued a tender for setting up of DC EV fast chargers for the Nathpa Jhakri Hydro Power Station (NJHPS) in Himachal Pradesh. The scope of work for the selected bidders will include the supply, installation and commissioning of two 20 kW DC […] Read more
Telangana, AP Power Discoms Hit by Malware Attack Updated On Thu, May 2nd, 2019 by Saurenergy A Ransomware is a malicious software designed by hackers to lock someone’s computer system/server. Generally, such hackers demand huge money from the computer owners in lieu of unlocking the system or they threaten to publish data of the owner. The computer systems of power distribution companies (discoms) of Telangana and Andhra Pradesh states have been […] Read more
Spruce Finance Secures $208 Million for Residential Solar Assets Updated On Thu, May 2nd, 2019 by Saurenergy Spruce Finance owns and operates a growing portfolio of distributed generation solar and residential energy assets in the U.S. Headquartered in Houston with executive offices in San Francisco. Distributed generation solar plants operator Spruce Finance, a leading owner and operator of residential energy assets in the U.S., has announced the successful closing of a $208 […] Read more
Axpo Acquires Urbasolar With Plans to Become European Leader in PV Segment Updated On Thu, May 2nd, 2019 by Saurenergy Swiss energy utility Axpo and independent French solar PV specialist Urbasolar have announced the signing of an acquisition contract of 100% of the latter’s securities by Axpo. This agreement aims to consolidate and stimulate the growth of the French PV specialist, which now becomes the photovoltaic operator within the group with the ambition to become […] Read more
KERC Recommends Halting New Solar Tenders, Auctions in Karnataka Updated On Thu, May 2nd, 2019 by Saurenergy Karnataka which is India’s top state in terms of installed solar capacity has stopped the building of new solar energy projects. The Karnataka Electricity Regulatory Commission (KERC) has written to the Karnataka Renewable Energy Development Limited (KREDL) regarding the procurement of solar power. According to the letter dated 7 March, the KERC reportedly has noted […] Read more
Vattenfall to Source 300 MW Power From Largest Onshore Wind Farm in Netherlands Updated On Thu, May 2nd, 2019 by Saurenergy Largest Dutch onshore wind farm to provide a quarter million Vattenfall customers with renewable energy Swedish state-owned power company, Vattenfall has signed a long-term purchasing agreement for renewable electricity from the new upgraded Zeewolde wind farm in the Netherlands. The repowering work to exchange the existing wind turbines by more powerful turbines will be initiated […] Read more
